📉 Bitcoin, XRP, and Dogecoin Take a Hit as Trump Tariffs Confirmed 📉
Big news shaking the market today! Bitcoin dropped below $101,600 as President Trump's administration confirmed new tariffs on Mexico, Canada, and China. The price of BTC has now fallen nearly 3% over the last 24 hours, currently sitting at $100,060.
🔥 What’s Driving This Drop?
25% tariffs on Mexico and Canada, and 10% on China.
Strengthening U.S. dollar could put downward pressure on BTC, with analysts predicting an indirect impact.
Federal Reserve’s concern about inflation and its potential effect on crypto markets.
📉 Tariffs Could Slow Capital Flows
Protectionist tariffs may hurt liquidity and slow capital market movements, leading to less investment in alternative assets like crypto.
Bitcoin’s recent bounce from China’s DeepSeek turbulence quickly reversed as the news broke, leaving investors uncertain about what’s next.
💥 Market Reaction:
Wall Street stocks also saw a dip, with major indices like the S&P 500 (-0.5%) and Nasdaq (-0.3%) feeling the pressure.
Is this just a temporary dip, or the beginning of more volatility? Stay tuned for more updates as we navigate these changes! 👀
